All Forum Posts by: Ryan Dosenberry

@Chrissy Parsons  I'm curious where you find a list of homeowners with a Low FSS.  Is this something you can search on List source?  

Thanks Pratik!

Thanks for all the advice!  Definitely leaning towards getting my license.  Just need to find the right broker. 

@Quito Keutla  That's helpful.  I do see more advantages than disadvantages.  When you advertise your services as an investor do you disclose your licensed or include brokerage info on your advertising material?  

@Stanley Bronstein  Thanks Stanley.  That's what my gut is telling me also!  Just need to be extra cautious that I am following the rules & regs.

I should start by saying I have already taken the course and passed the state licensing exam. So naturally I feel inclined to pull the trigger since I've already invested all of that time. I live in Michigan if that makes any difference. My investment strategy looks something like this 1) Start direct mail campaign / generate website leads 2) wholesale and co-wholesale deals to start. I have a mentor that will analyze my first few deals and go in 50-50 with me if he finds buyer. 3) Once I've built some capital do some rehab deals 4) Get into buy and holds, BRRRRR Strategy / multi family

I'm sure this strategy sounds familiar to many investors out there. My question is, should I move forward with getting my real estate license? I know there are advantages and disadvantages. Some people argue having your license is an advantage to have MLS access, being able to see retail properties easily w/o an agent. If I do come across leads from my DM campaigns that would be better suited for a RE agent services, I could pursue these deals and list them instead of buy/wholesale/etc.

On the flip side I've also heard it sort of defeats the entire purpose of your business if you do both.  If you are spending time being an agent, it would take away from your investor business.  However, it seems like as long as you keep the two separate, and always disclose you're an agent there shouldn't be a problem.   Lastly, when it comes to direct mail,  if I'm a licensed agent and I'm sending out a targeted DM campaign to buy distressed properties (not list them), would I need to include my brokerage logo & info on my advertising?  I know anytime I'm advertising a property or my services as an RE agent I must do this, but curious how it works when you are marketing exclusively as an investor. 

Sorry for the long-winded post, as you can see I've been going back and forth with this for quite some time now!

Anyone have recommendations for good rehab contractors in the Lakeshore area?  Would like to start building connections.  Thanks!

@Ryan Kuja Sounds good to me!

Hey Jim - Would like to pick your brain on investing in Muskegon. It scares me that property values are so low. Seems like ARV's would probably max out around 80-90k. But I'm sure there is opportunity if you get the right deal. Any areas you steer clear of? Muskegon Heights, Roosevelt Park? Thanks!